On Monday, share markets in India opened on a positive note and ended the day in green.

The BSE Sensex closed higher by 287 points to end the day well above the 33,000 mark at 33,225. While the broader NSE Nifty ended the day higher by 98 points to end at 10,212.

Among BSE sectoral indices, pharma stocks rose the most by 1.7%, followed by PSU stocks at 1.6%. SBI and IndusInd Bank were among the top gainers.

Top Stocks in Action Today

Axis Bank share price is likely to be in focus today after the Reserve Bank of India (RBI) asked the lender's board to reconsider the fourth three-year term it handed to CEO Shikha Sharma last year.

As per the news, the central bank has addressed a letter to Axis Bank chairman Sanjiv Mishra, listing out the reasons for a review. The reasons include the bank's performance and its deteriorating asset quality, among others.

Glenmark Pharma share price is among the stocks to watch today after the company and its American subsidiary, Promius Pharma, LLC announced the filing of a New Drug Application (NDA) for its migraine candidate DFN-02 with the United States Food & Drug Administration (USFDA).

Oil Investments to Increase

Indian Oil Corp is planning to invest Rs 1.43 trillion (US$22 billion) in next five years as the country's top refiner seeks to raise its annual capacity to about 3.2 million barrels per day by 2030.

Refiners in India, the world's third-biggest oil consumer and importer, have sketched out plans to raise their capacity by 77% to about 8.8 million bpd by 2030 to meet the country's rising fuel demand.

India is emerging as one of the global drivers for refined fuels consumption as its economic expansion and rising industrial activity yields infrastructure improvements and increased energy access for commercial and retail consumers.

Reportedly, the company is going to enhance capacity in terms of crude processing and fuel specification as India plans a nationwide roll out of Euro-VI compliant fuels in the country from April 2020.

IOC's current capacity stands at about 1.62 million bpd including 230,00 bpd controlled by its subsidiary Chennai Petroleum Corp.

IOC processed a record 1.38 million bpd crude at its directly owned plants in 2017/18 mainly due to higher runs at its refineries in Paradip, which was commissioned in 2015, and at Bongaigaon, Guwahati and Digboi in the northeast.

Plants in land-locked northeastern India, with a combined capacity of about 80,000 bpd, for the first time operated at full capacity as the company began supplying low sulphur crude imported at Paradip through pipelines and by road.

Traditionally the northeastern refineries were using local crude, supplies of which have declined.

One shall note that, IOC is gradually building its portfolio of alternative fuels such as solar and production of ethanol, as well as boosting its petrochemical production.

IPO Buzz

Sandhar Technologies Ltd made a tepid debut on bourses yesterday. The scrip of the company, which recently concluded its IPO subscription offer, got listed at Rs 346, a 4% premium to its issue price of Rs 332, and ended the day over 3% lower than its issue price.

Sandhar Technologies is engaged in the business of designing and manufacturing a diverse range of automotive components, parts and systems which are focused on safety and security systems of vehicles.

The company manufactures its products from 31 manufacturing facilities across eight states in India, two manufacturing facilities in Spain, and one manufacturing facility in Mexico. This apart, it also has an overseas assembly and packaging centre located in Poland and a R&D centre located in Gurugram, Haryana.

The company's customer profile consists of 79 Indian and global original equipment manufacturers (OEMs) across various segments and global automotive component suppliers such as Autoliv, Bosch, and CTS.